Corporate earnings remain resilient on a stronger yen and restrained labor costs
First written in FY2017-Q2. 1 of 5 entries say "Restated". Latest entry: FY2023.
Kimura moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 44 of 63 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2023Normalization coexisting with cost burdens from soaring resource pricesAnnual report
「During the fiscal year under review, Japan's economy saw restrictions on activity related to COVID-19 eased and economic activity move toward normalization, with demand gradually recovering. At the same time, the economic outlook became increasingly uncertain due to sharp exchange-rate fluctuations and soaring resource prices stemming from the situation in Russia and Ukraine.」
Presents both the tailwinds of normalized economic activity and recovering demand and the uncertainty caused by exchange-rate fluctuations and soaring resource prices. - FY2018Shift from resilient earnings to higher cost burdensAnnual report
「However, higher corporate cost burdens, including worsening labor shortages and rising raw-material prices, are also raising concerns as a factor that could restrain economic expansion, and the situation continues to require close monitoring together with developments in the global economy.」
The focus has shifted from resilient corporate earnings due to the stronger yen and restrained labor costs to higher corporate cost burdens from labor shortages and rising raw-material prices as a factor restraining the economy. - FY2017From an earnings tailwind to a business cost headwindAnnual report
「The housing industry continued to recover, supported by housing tax cuts, low interest rates, and an increase in rental housing related to inheritance-tax planning. However, growth has moderated because higher transportation costs caused by labor shortages and price increases resulting from yen depreciation have become obstacles.」
Where previous quarters reported resilient corporate earnings due to the stronger yen and restrained labor costs, this filing cites higher transportation costs caused by labor shortages and price increases caused by the weaker yen as impediments to the business. - FY2017-Q3RestatedAnnual report
「Although corporate sales have struggled to grow amid weak domestic and overseas demand, corporate earnings have remained resilient due to lower import raw-material prices resulting from the stronger yen and restrained growth in labor costs.」
Continues to report sluggish corporate sales growth due to weak domestic and overseas demand, alongside resilient corporate earnings supported by the stronger yen and restrained labor costs. - FY2017-Q2First statedAnnual report
「Although corporate sales have struggled to grow amid weak domestic and overseas demand, corporate earnings have remained resilient due to lower import raw-material prices resulting from the stronger yen and restrained growth in labor costs.」
For the first time, records as economic conditions the sluggish growth in corporate sales caused by weak domestic and overseas demand, alongside resilient corporate earnings due to lower import raw-material prices from the stronger yen and restrained growth in labor costs.